#P1-23099, Monica Hsu, Listing office: COMPASS

1540 N Allen Ave Pasadena, CA 91104
Property details
About 1540 N Allen Ave
A prime investment opportunity on the Altadena/Pasadena border - this 4-plex is comprised of three 2 bed/1bath units and one studio. The apartments are clean and generously sized with in-unit laundry (except studio) as well as air conditioning. Each unit has assigned off street parking. The property has been lovingly maintained by the same family for decades and with some upgrades and extensive interior and exterior remediation following the Eaton Fire (scheduled to be completed within the next couple of weeks). With its desirable location, well-maintained units and stable tenant base, this investment offers both immediate returns and long-term growth potential.
Highlights
(Active Under Contract)
Summary
- Garage Space: 2 spaces
- Private Pool: No
- List Price: $1,250,000
- Annual Tax Amount: $8,360
- Tax Year: 2024
- Directions: North of Washington Blvd on Allen before Layton
- Year Built: 1946
- Stories: 1
- Lot Size: 0.1708 Acres
- MLS Number: PW25145891
- MLS Name: CRMLS
- Office Name: Keller Williams Realty
- Office Phone: (626) 298-1025
- Listing Agent: Katie Manes
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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Last updated on: 7/31/2025, 9:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 18, 1990 | Home Sold | $332,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $587,846 | $8,360 |
2023 | $576,336 | $7,944 |
2022 | $565,051 | $7,686 |
2021 | $553,988 | $7,164 |
2020 | $547,536 | $6,915 |
2019 | $536,800 | $6,926 |
2018 | $526,275 | $6,855 |
2017 | $515,957 | $6,855 |
History based on county public records data.
Nearby schools
6
Daniel Webster Elementary School
Public District KG-5
0.4 mi
•2101 E Washington Blvd
6
Longfellow Magnet School
Public District KG-5
1.0 mi
•1065 E Washington Blvd
6
Norma Coombs Elementary School
Public District KG-5
1.3 mi
•2600 Paloma St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $83,446. Most Pasadena, CA residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 1540 N Allen Ave
The listing price of 1540 N Allen Ave property is $1,250,000.
The property 1540 N Allen Ave is a multi located in Pasadena, California, 91104.
Accepting Backup Offers: 1540 N Allen Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1540 N Allen Ave are: Daniel Webster Elementary School (GreatSchools Rating 6/10), Longfellow Magnet School (GreatSchools Rating 6/10), Norma Coombs Elementary School (GreatSchools Rating 6/10), Charles W. Eliot Arts Magnet Academy (GreatSchools Rating 4/10), Octavia E. Butler Magnet Middle School (GreatSchools Rating 4/10), Pasadena Rosebud Academy (GreatSchools Rating 7/10), Marshall Fundamental (GreatSchools Rating 6/10), Cis Academy (GreatSchools Rating 5/10), Pasadena High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $8,360 (source: MLS/based on county public records data).
The last sale was on December 18, 1990 for $332,000 (source: MLS/tax record).
The year of construction for 1540 N Allen Ave is 1946.
This home is located at 1540 N Allen Ave in Pasadena, CA and zip code 91104 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 30, 2025 and is currently priced at $1,250,000.
In June 2025, from all listings sold in Pasadena, CA there were more than 45 sold above asking price, over 30 sold below and more than 9 were sold right at the asked price. The number of homes for sale in Pasadena, CA decreased by 0.8% between May and June 2025. Listings spent 34 days on the market in June 2025, and had a median list price of $1,232,000 during the same period.